Alphawave IP Group (LON:AWE) Shares Up 20.7% - Here's Why

Alphawave IP Group plc (LON:AWE - Get Free Report)'s share price shot up 20.7% during trading on Monday . The company traded as high as GBX 187.90 ($2.56) and last traded at GBX 180.05 ($2.45). 50,946,406 shares traded hands during mid-day trading, an increase of 1,327% from the average session volume of 3,570,038 shares. The stock had previously closed at GBX 149.20 ($2.03).

Alphawave IP Group Trading Up 0.6%

The business's 50 day simple moving average is GBX 133.69 and its 200 day simple moving average is GBX 124.60. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The company has a market capitalization of £1.69 billion, a price-to-earnings ratio of -21.09, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

About Alphawave IP Group

Faced with the exponential growth of data, Alphawave IP's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world's technology infrastructure. Our IP solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage.